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Ripple (XRP) - January 14

BITFINEX:XRPUSD   XRP / U.S. Dollar
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The volatility around January 16th (January 15th-17th) should be watched to see if there is any movement outside the 0.28518-0.30296 range.

To turn to an uptrend, you need to be supported above the M-Signal line on the 1W chart.

It appears that the short-term downtrend has moved away and has started a sideways trend.

If it falls from the 0.28518 point, it is a short-term Stop Loss.

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** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume .
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)

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